A person running business of BPO/KPO wants to file his income tax return. His turnover is approx. Rs. 1.50 cr. Can he file his return under section 44AD?
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 04 May 2021
Yes return can be filed u/s 44AD as turnover is less than 2 crores rupees under presumptive taxation @ 8% profit on turnover
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 09 May 2021
Yes for digital receipts profit will be 6% of turnover
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